TCI Industries Ltd

TCI Industries Limited (TCIIL) was initially incorporated as Transport Corporation of India Limited in 1965. Subsequently, the Company changed its name to TCI Industries Limited from Transport Corporation of India Limited vide fresh Certificate of Incorporation issued on 29th January, 1999 by the Registrar of Companies, Andhra Pradesh. It was promoted by P D Agarwal. The Company is principally engaged in rendering services by providing space for film shooting, TV serials, advertisements and for corporate/social events. Initially, Company was rooted in the freight transportation and logistics industry before diversifying into real estate and textile trading. The company diversified into car rental service in 1989, to set up a separate division- Wheels Rent-A-Car in collaboration with Hertz Internatioal, US. In 1991-92, the company formed Trans Corp International Bureau D' Exchange, for conducting the business of money changer. In 1993, the company took on lease, the plant of Bhoruka Aluminium for a period of three years, under the BIFR rehabilitation scheme. In May '94, the company came out with a Rs 12.71-cr public-cum-rights issue of 10.59 lac 15% redeemable PCDs of Rs 120 each, to part-finance the capital cost of acquiring ship, vehicles and other assets and also to meet long-term working capital requirements, etc, at a project cost of Rs 37.69 cr. In 1998, the Company underwent Demerger, thru' the Scheme of Demerger. Company has completed the repairs and reconstruction of the sea-retaining wall and platform on the south-east side, with the entire surface finished in concrete. This extensive work also included additional structural improvements to enhance the durability and safety of the infrastructure IN 2025.